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Home Skill Development

Govt. to directly transfer its contribution to bank accounts of apprentices through NSDC

Direct Beneficiary Transfer (DBT) scheme MSDE launches DBT scheme to extend direct monetary support to apprentices

India CSR by India CSR
in Skill Development
Reading Time: 3 mins read
Govt. to directly transfer its contribution to bank accounts of apprentices through NSDC

Over 800 rural youth trained by Amrita Vishwa Vidyapeetham under Special Project on Skill Development

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The dream of India becoming the ‘Skill Capital of the World’ seems to be on the path to fruition with the introduction of various apprenticeship reforms aimed at building a skilled manpower. It is envisioned that these schemes will be further scaled up in the coming years and all contracts will be DBT contracts.

NEW DELHI (India CSR): The Ministry of Skill Development and Entrepreneurship (MSDE) today announced that National Apprenticeship Promotion Scheme (NAPS) will be a part of Direct Beneficiary Transfer (DBT) Scheme, providing direct government benefits to all apprentices.

Earlier companies used to pay apprentices the entire amount and then seek reimbursement from the government. With the launch of the DBT scheme, the government will directly transfer its contribution to bank accounts of apprentices through National Skill Development Corporation (NSDC), 25% of the stipend payable up to Rs. 1500/- per month.

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Lauding the initiative, Union Minister of Skill Development and Entrepreneurship, and Education, Shri Dharmendra Pradhan, said that apprenticeship is getting a big boost under Skill India.

Also Read: Skill India gives a boost to entrepreneurship in Jharkhand

He said the first set of apprentices have received stipend subsidy in their accounts through DBT under the National Apprenticeship Promotion Scheme. This is not only a boost to apprenticeship but also takes us closer to realising the potential of Skill India.

To skill, reskill and upskill young India, increase per capita economic production, and support national missions, it is imperative to turn apprenticeship into a participatory movement. It not only exposes candidates to real-time industrial environments but allows them the opportunity to contribute to the economy even during training.

It also gives a boost to the Skill India Mission by creating sustainable skill development strategies in association with the government, businesses, and educational systems. MSDE’s objective is to give further boost to youth’s employability through such sustainable model of skill development and help realize Prime Minister vision of Aatmanirbhar Bharat

National Apprenticeship Promotion Scheme (NAPS) was launched on August 19, 2016, to promote apprenticeship training in the country and to provide financial support to establishments undertaking apprenticeship.

Also Read: Grab Govt. Jobs According to Your Skillset

The program aims to motivate employers to hire apprentices and aid them in discovering the right job roles while maximising their potential through in-depth skill development. As of today, more than 12 lakh apprentices have been engaged with various industries.

(India CSR)


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Source: India CSR I 03 July 2022
Tags: Direct Beneficiary Transfer (DBT) SchemeMinistry of Skill Development and EntrepreneurshipNational Apprenticeship Promotion Scheme (NAPS)Skill India MissionSkilling Youths
India CSR

India CSR

India CSR is the largest media on CSR and sustainability offering diverse content across multisectoral issues on business responsibility. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting.

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